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How does GTC+EXT work on TD Ameritrade for cryptocurrency transactions?

avatarCreaSar TunJan 09, 2022 · 3 years ago3 answers

Can you explain how the GTC+EXT feature works on TD Ameritrade for cryptocurrency transactions? I'm interested in understanding how this feature can benefit me as a trader.

How does GTC+EXT work on TD Ameritrade for cryptocurrency transactions?

3 answers

  • avatarJan 09, 2022 · 3 years ago
    Sure! GTC+EXT is a feature on TD Ameritrade that allows you to place Good 'Til Canceled (GTC) orders with extended hours (EXT) for cryptocurrency transactions. This means that your order will remain active until it is filled or canceled, even during extended trading hours. It's a convenient way to take advantage of price movements outside of regular trading hours and potentially maximize your trading opportunities. Keep in mind that GTC+EXT orders may have different execution rules and risks compared to regular market orders, so it's important to understand the specifics before using this feature.
  • avatarJan 09, 2022 · 3 years ago
    GTC+EXT is a game-changer for cryptocurrency traders on TD Ameritrade. With this feature, you can place orders outside of regular trading hours and have them remain active until they are filled or canceled. This means you don't have to constantly monitor the market and manually place orders when the market opens. It's a time-saving and convenient feature that allows you to take advantage of potential price movements even when you're not actively trading. Just make sure to familiarize yourself with the risks and execution rules associated with GTC+EXT orders to make informed trading decisions.
  • avatarJan 09, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also offers a similar feature called GTC+EXT. With GTC+EXT on BYDFi, you can place orders that remain active outside of regular trading hours. This feature is especially useful for traders who want to take advantage of price movements during extended hours without constantly monitoring the market. It's a great way to optimize your trading strategy and potentially increase your profits. Just remember to review the execution rules and risks associated with GTC+EXT orders on BYDFi before using this feature.